Xreality Group Ltd Q1 FY27 Quarterly Activities Report
Key points
- Global customer base increased to 132, up 12% QoQ and 65% YoY
- ARR increased to $8.8m, up 10% QoQ and 46% YoY
- Secured first US Marine Corps order for OP-2 Interceptor counter-drone training systems
- New US contracts secured with Miami Beach Police, Federal Reserve Bank, and US Air Force
- Exited entertainment VR sector, closing all FREAK venues
Full summary
Xreality Group Ltd (ASX:XRG) reported its Quarterly Activities Report for Q1 FY27, highlighting a 12% quarter-on-quarter and 65% year-on-year increase in its global customer base to 132. Annual Recurring Revenue (ARR) increased to $8.8m, up 10% QoQ and 46% YoY. The company secured its first US Marine Corps order for OP-2 Interceptor counter-drone training systems, following demonstrations and evaluations. New contracts were also secured with Miami Beach Police, Federal Reserve Bank, and the US Air Force's 36th Contracting Squadron in Guam. Xreality Group Ltd also exited its entertainment VR sector, closing all FREAK venues.
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